The ultimate irony of our economic system is that the only mechanism we have to satisfy our needs is to increase our neediness.
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We've traded stability for growth, but now we find that we have neither.
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Our economic system prizes growth above all. This has created a looming disaster, at both the local and national levels. How did we get here? And is there an alternative?
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It should be hard for insolvent governments to take on more debt.
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Duncan's approach -- and the bipartisan approach of others who would shower money on our current system -- can only make our fragility problem worse. This thinking scares me.
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If the global economy is like a hot air balloon, we're only given the option to continually go higher -- despite the risk -- or cut all the air and crash. Those options aren't good enough.
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What is going on in the doughnut of despair surrounding downtown Detroit is not a policy choice. It is a consequence of policy choice. There is no bringing back the illusion of wealth or, to paraphrase Tomas Sedlacek, Detroit can not get back its unsustainability.
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Ethan Kent is the Senior Vice President at Project for Public Spaces. Today he talks about his life with a family of four in a 900 sq ft apartment, as well as his work to make public spaces across the world better.
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A system where growth is the main objective will fail, but only after it has exhausted every means to expand consumption.
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Can we only satisfy our needs by increasing our neediness?
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What's going on this week at Strong Towns?
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We've traded stability for growth, but now we find that we have neither.
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It ain't pretty.
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Last week, the McAlvany Weekly Commentary featured economist Tomas Sedlacek. I've never heard him -- or any economist like him -- before. Mind = blown.
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